BCM Corporate business setup across the UAE, with a choice of Free Zone or Mainland, as well as Offshore. Each location and license has its own benefits, and all business is unique, BCM Corporate persons who will give you the full overview, and tailor your ideal setup plan
Every company, before Setting Up a Business in Dubai, should analyze the initial costs. Dubai’s tax-free country is an attractive feature for entrepreneurs around the world. Even though there are many hidden fees involved to kick-start your business. Initial approval/ instant license, Trade name approval, Office rent, Drafting the contract and Court Agreement Attestation, Memorandum of Association Attestation, Administrative services fee and public waste municipality fee, Ministry of Economy fee, Trade license, etc.
The one-time costs of setting up a business in Dubai. Apart from this, a few yearly expenses to afford are the Commercial Licenses fee, Chamber of Commerce fee, Commercial services improvement fee, and Market fees. The Free zones in the UAE offers a lot of infrastructure and business support to investors. There are more than 40 Free zones Available in the UAE. The Free zones in the UAE are categorized based on the business activities each Free zones are specialized in. example, as Media Company is advisable to register in any Media City Free zones, Fujairah Creative Zone, Sharjah Media City, etc
Why is Free zones the Best Choice of Investors in UAE
The Free zones in the UAE offer benefits for its investors. The most important ones being the 100% ownership of the business entity, profit repatriation, tax-free environment, secure banking system, world-class infrastructure, fast and easy business setup, etc.
There are various factors that determine the popularity of a Free zone in the UAE. For the general trading, consultancy, service industry, etc.
The location of the Dubai International Airport is the attraction for services and consultancy businesses to set up their base in Dubai. The ability to travel to any part of the world, conduct business meetings and fly in and out of Dubai, etc., are few direct benefits from setting up your business in Dubai.
When the business setup costs, the Free zones in Dubai come at a premium cost. USE of cost-effective Free zones in the UAE that offer business setup solutions and infrastructure to set up your company and run it profitably.
The Cheapest Free zones in the UAE?
Let’s have a look at the cheap Free zones in the UAE that offer infrastructure and business benefits as of the Free zones in Dubai.
1 International Free zones Authority (IFZA)
The International Free zones Authority (IFZA), Fujairah is one of the most economic business centers in the UAE. IFZA offers profitable solutions for setting up your business in the UAE. IFZA offers its investors a wide range of modern offices that one likes international standards. IFZA has a warehouse facility that meets the highest international logistics standards. IFZA also offers Flexi-desk and flexible rental solutions for the investors to keep costs at the minimum. General Trading License – (1 Visa Package) – 17,500 AED Yearly (The package amount might slightly vary in actuals)
2 Ras Al Khaimah Economic Free zone (RAKEZ)
RAKEZ is a cost economic business hub and perfect solutions for business to set up your company. RAKEZ offers economic cost business set-up packages, modern facilities, and High class services. It has the state of the art infrastructure and hi-tech facilities for industrial growth and development.
RAKEZ offers a fast business setup, and customer friendly for the investors. There are more than 14000 companies from 100+ countries registered in RAKEZ. RAKEZ has 5 Free zone parks for investor requirements. RAKEZ consists of a business park, industrial parks, and an academic zone.
RAKEZ has Free zone and Non-Free zone company formation. It offers a big range of business and industrial facilities. The easy access to global markets and the seaports & airports of the UAE is making RAKEZ a destination for investors.
Commercial License – Allowed to conduct 5 similar activities from the chosen category – 14,800 AED Yearly (The package amount might slightly vary in actuals)
3 Umm Al Quwain Free Trade Zone (UAQ FTZ) license
The Umm Al Quwain Free Trade Zone (UAQ FTZ) is a perfect choice for setting up business SMEs and business groups for setting up offices. It’s to Dubai, access to the international ports, and top-class infrastructure and it is an investor’s favorite.
The Umm Al Quwain Free Trade Zone has been operating as an outstanding Free zone since its inception in 2014. Due to its low-cost business setup and low running costs, Umm al Quwain Free zone is expected to have a rapid business adoption in the coming years. Commercial License (2 Visa Package) – 20,500 AED Yearly [The package amount will vary in actuals]
4 Ajman Media City Free zone
Ajman Media City is one of the fastest growing Free zone in the UAE. It is one of the most competitive business centers with low cost-effective business setup services and world-class infrastructure.
It is considered a top-business hub for media and entertainment companies to set up the office. It offers a cost-effective platform to media agencies and creative people who are looking for a profitable business establishment. Commercial License (1 Visa Package) – 11,952 AED Yearly [The package amount will vary in actuals]